Document background
The Share Block Sale Agreement is a crucial document used in Indonesian corporate transactions when a significant portion of a company's shares is being transferred between parties. It is particularly relevant when the transaction requires detailed documentation of terms, conditions, and regulatory compliance under Indonesian law. This agreement type is essential for both domestic and cross-border transactions, incorporating requirements from the Indonesian Company Law, Investment Law, and where applicable, capital market regulations. The document typically includes comprehensive provisions covering share valuation, payment terms, warranties, and various conditions precedent specific to Indonesian regulatory requirements. It's commonly used in corporate restructuring, strategic investments, or exit transactions, and must comply with specific formalities required by Indonesian law, including potential notarization and regulatory approvals.
